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    7871 Market St Youngstown, OH 44512-5970
    Property profile & analytics

    7871 Market St, Youngstown, OH 44512-5970

    View on Map
    • Automotive properties
    • 17,999 SF
    • 4.86 lot acres
    Off-Market
    Last Sale Apr 7, 2023
    $4,400,000
    Property ID
    US66-5908789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cheddar Auto / Car Dealership
    • Ken Ganley Buying Center / Car Dealership
    • Ken Ganley Buying Center Boardman / Car Dealership
    • CNAC / Loan Service
    • Glass Chariot LLC / Car Wash

    Property Details for 7871 Market St

    Year built
    1988
    Lot size
    4.86 lot acres
    Property type
    Automotive properties
    APN
    29-033-0-055.00-0
    APU
    290330055000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2023 $4,400,000 Kg Real Estate Boardman Wholesale L Jetre LLC Limited Warranty Deed —
    Apr 7, 2023 — Kg Boardman Wholesale LLC Jetre LLC Lease —
    Mar 24, 2023 — Kb Boardman Wholesale LLC Jetre LLC Lease —
    Dec 20, 2021 $2,850,000 Lancaster Taylor Property LLC Ronjon Investments V LLC Limited Warranty Deed $1.8M · The Farmers National Bank Of Canfie
    Feb 6, 2019 — Ronjon Investments V LLC — Deed · related $1.6M · The Farmers National Bank Of Canfield
    Apr 28, 2008 $1,925,000 Gp Development LLC D T G Enterprises Ltd Limited Warranty Deed $963k · Firstmerit Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,455,000
      ML approach
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,319,000
      Market price range: $416k - $2.32M
      AI Estimate
      $2,375,000
      Market price range: $606k - $2.38M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,240,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6615
    Latitude
    41.0101
    CBSA code
    49660
    CBSA name
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,110
    $296,080
    $761,450
    $1,057,530
    -
    $845,940
    $2,175,560
    $3,021,500

    Comparable in this City

    • Value Estimation by Request
      1.98 Acres

      7955 Market St

      VEHICLE SALES, RENTALS
      7955 Market St, Youngstown, OH 44512-5932
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    • Value Estimation
      $3,795,000
      29,105 SF

      8250 Market St

      VEHICLE SALES, RENTALS
      8250 Market St, Youngstown, OH 44512-6245
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    • Value Estimation
      $6,485,000
      49,736 SF

      7901 Market St

      VEHICLE SALES, RENTALS
      7901 Market St, Boardman, OH 44512-5932
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    • Value Estimation by Request
      1.69 Acres

      Karago Ave

      VEHICLE SALES, RENTALS
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    • Value Estimation by Request
      9.16 Acres

      80 Karago Ave

      VEHICLE SALES, RENTALS
      80 Karago Ave, Youngstown, OH 44512
      View Details
    • Value Estimation
      $4,505,000
      45,018 SF

      7955 Market St

      VEHICLE SALES, RENTALS
      7955 Market St, Youngstown, OH 44512-5932
      View Details

    Similar Nearby for Sale

    • $1,000,000
      0.17 Acres

      Prime Youngstown Retail Opportunity

      Established Business, Turnkey Operation
      7438 Southern Blvd, Youngstown, OH 44512
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      28,370 SF

      Former Theater on South Avenue

      Redevelopment opportunity near Route 224 and major retailers.
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      Historic Italian Marketplace For Sale

      Turnkey Italian marketplace established in 1907, a century-old legacy.
      7438 Southern Blvd, Youngstown, OH 44512
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      Prime Location Near Medical Area

      High-traffic commercial land suitable for restaurant, hotel, or retail.
      8585 South Ave, Boardman, OH 44512
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      5,445 SF

      Retail Space on Boardman-Canfield Road

      Retail space in high-traffic area with strong demographics.
      154 Boardman Canfield Rd, Youngstown, OH 44512
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      5,000 SF

      Retail Property in Youngstown, OH

      Retail property available for sale in Youngstown, Ohio.
      7438 Southern Blvd, Youngstown, OH 44512
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    Similar Nearby for Lease

    • Contact for pricing

      Market Street Retail/Office Space

      Multi-tenant plaza with move-in ready retail/office space available for rent.
      4921 Market St, Youngstown, OH 44512
      View Details
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      2,800 SF

      Retail Space on Boardman Poland

      2,800 SF retail space with high traffic and visibility.
      48 Boardman Poland Rd, Youngstown, OH 44512
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      24,160 SF

      Retail Spaces in Established Center

      Multiple retail spaces available in well-established shopping center.
      407-465 Boardman-Canfield Rd, Youngstown, OH 44512
      View Details
    • Contact for pricing
      10,260 SF

      Established Shopping Center Retail Space

      Retail spaces available in well-established shopping center.
      201-285 Boardman-Canfield Rd, Boardman, OH 44512
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space Near Major Retailers

      11,220 SF retail space with ample parking and signage.
      550 Boardman Poland Rd, Youngstown, OH 44512
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space Near Southern Park

      Inline retail space across from Southern Park Mall.
      84 Boardman Poland Rd, Youngstown, OH 44512
      View Details
    Request Owner's contact information
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    7871 Market St
    Youngstown, OH 44512-5970
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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